Member Info for Magoo79

There is strong resistance a around the 24p level. Once we get past it's plain sailing until 27-27.5

@Spatzi I agree that the UK not being part of the EU defence fund is disappointing, however there is no obstacle whatsoever in supplying EU or NATO countries as a british company

Same here. Voted against Scott (wtf is he still doing here???) and Liu

Shareholding moving into the hands of large shareholders who are positioning themselves for the next takeover move and a possible auction. Expect less volatility and a progressively higher SP. Jianxi need to prepare a serious offer this time. 32 or 35p are not going to cut it

We are slowing moving up ahead of the claim being submitted, possibly as early as January/February.

As for the placing, if there is one it's going to be after that. Besides, all they need is a couple of million max to see us through the end of the arbitration

Great news. We have a world class legal team in place, a solar business in the making and a market cap that seems to disregard the potential of the ICSID court case. April is not far away..

@fortissimo I fully agree. This is a strategic set of assets which is worth way more the current MK of SOLG. The chinese know it very well and the won't give up without a fight. BHP unlikely just to watch, they didn't get 10% of the company just to make a few million in case SOLG gets taken over.

In any case, it's down to the big boys to determine what happens now. All we can do is sit back and let the market do its bit..

@roger I am reporting you to the LSE for market abuse.

Good luck to you and your boiler room mates. I have a few names that are going to be provided today. I am not bothering with flagging messages on a BB, this is a serious matter.

This share is still cheap as chips:

- one of the largest gold mining companies is now the largest shareholder. They have access to much more detailed information than us and, given their expertise, their close involvement (capital, shareholding, board participation) massively derisks our investment in EST

- no funding needed for quite some time. Cash burn reduced by the exploration JV, possible additional revenue if Endeavour decides to look into Snowy (we are entitled to cost refund), £1.8M cash added now

- assays still to come

- the assets are disproportionately big in comparison to the share price

THX retraced significantly from the peak as gold lost some momentum but with POG now around $4250 we should be much higher than 65p. Also, given all the catalysts expected between now and the end of the year, we are likely to go past all time high very soon. Time to buy some more and wait.

I would also not be surprised if in Q1 they announce an increased dividend

No, that's standard regulatory language, TROLL

I don't see Jianxi turning away now as they know better than most what the assets are worth. Their problem now is that if they wait until the end of December to submit an improved offer (35-40p?), it may look even sillier than yesterday's 26p. If SOLG manages to keep the updates coming we may get to 35-40p anyway. Then what is BHP going to do? they didn't keep their 10% just in case it goes for $100-150M.

This could turn into a very exciting auction and for some of us it will be wife changing money

EST, MKA. THX, GGP and PAT are my current bets

I am amazed that the chinese are offering 26p after having had another offer refused only a few days ago. 26p is insulting.

The SP started motoring without apparent reason and then SOLG threw that RNS with the clear intent of pushing the share price even higher to stimulate a more generous offer. But sorry, you are not getting my shares for 26p or even 35op. 62p could be a good starting point for a negotiation.

£1 would be wife changing money

The chinese will have to improve the offer now. But are BHP just going to watch this massive opportunity slip away for peanuts??

They are trying hard the last week or so, with a flurry of very positive RNS.

First the JV, then the new report and now these two licences. We are just missing the drilling results but we should be already nearer 3p than 2!

Please post this more often as we all find very hard to track POG. Thank you for the amazing effort

Very odd indeed. Also Dan cancelling all external events when he had the clear objective of promoting the company and persuade new investors about the valuation anomaly. Clearly something going on in the background which prevents the board from going public with updates.

Apart for a few drilling results the company has been awfully quiet.. Is someone looking at buying the whole company or part of it? are they discussing a large finance package for the mine development?

Interesting articles from the FT:

- UK and EU negotiating the UK's participation to the EU defense fund. A snippet from the article reads:

Under current rules, EU countries can spend up to 35 per cent of the rearmament fund with UK defence companies. If the UK joins Safe, this could rise as high as 50 per cent, but Brussels has said the UK’s contribution to the fund needs to reflect the benefits to UK industry. 

- the EU Securitu commissioner says that 10% of the EU defense budget should go on AI and other cutting edge technologies. Rules are chaging to make it easier for SMEs like ALRT to be part of the procurement ecosystem.

We are uniquely positioned to gain significant contracts both in the UK and EU in the coming years as we are at the centre of the niche more likely to benefit of the high investments NATO is going to make in the near future

@contrary you are correct about verkhuba while for Snowy alex said they have the right of first refusal so it's possible it's going to be included. In that case, what has been spent so far would be eligible for refund and with Endeavour funds we could be accelerating the exploration.